Shaw Group profit climbs sharply, revenue edges up

SteveGelsi

NEW YORK (MarketWatch) -- Shaw Group Inc.
shaw
said Thursday its second-quarter profit for the three months ended Feb. 29 increased sharply to $52.5 million, or 78 cents a share, from $1.2 million, or a penny a share, in the year-ago period. Revenue increased to $1.5 billion from $1.4 billion. Excluding the company's Westinghouse segmenet, Shaw earned 46 cents a share, in line with the forecast in a survey of analysts by FactSet Research. Looking ahead, Shaw asid it continues to expect 2012 earning, excluding Westinghouse, of $2.05 to $2.15 a share, compared to the estimate of $2.11 a share.

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